The Legal Help
You Need
Owning a farm means more than just running a business. It is also part of the legacy you will eventually pass on to your loved ones. When it comes to securing the future of your farm, utilizing a trust can offer numerous benefits. It is important to understand how...
As a farmer, your land is more than your livelihood. Farm properties form the foundation of your legacy. Protecting your farm to pass down to future generations requires careful estate planning. There are 4 key things to protect when estate planning for your farm. 1....
Guardianship and power of attorney are legal terms often used interchangeably. However, they have distinct differences in their roles and responsibilities. Guardianship Guardianship is a legal arrangement where the courts appoint a person, known as the guardian, to...
SmartAsset noted that Indiana does not have an estate tax, which makes it one of the 38 states that do not. However, estate tax is not the only taxation concern when creating an estate plan. The federal government imposes taxes on estates exceeding a certain...
Probate is the legal process through which people distribute a deceased person's assets among heirs. It is an important procedure that involves multiple steps. This process ensures a fair distribution of the dead person's estate, and learning about the steps can help...
Farming is more than a profession. It is a way of life and a legacy that you want to pass down to the next generation. To ensure a smooth transition, consider these practical steps when developing your farming succession plan. 1. Start early Initiating a farming...
When it comes to planning for the future, it is important to understand the ins and outs of trusts and wills. There are several common misconceptions that can lead to confusion. Debunking some of these myths will help you navigate this important aspect of estate...
If you have not drafted a will, you are actually in good company, according to the American Association of Retired Persons, only 40 percent of American adults have created a will or living trust. Because of this staggering statistic, the laws of intestate...
